7 April 2020: ICAEW’s Tax Faculty summarises what we know so far about communicating and transacting with HMRC during the COVID-19 crisis.
Features and articles
10 March 2020: HMRC is working to develop its strategy and services for tax agents. ICAEW’s Tax Faculty recorded a webinar on 5 March and published guidance to keep you up to date on the latest changes.
17 February 2020: in its latest Agent Update, HMRC has confirmed changes to collection of self-assessment debt, offered opportunities for agents to test new systems and published reminders for non-resident corporate landlords becoming liable to corporation tax from April 2020.
13 February 2020: self assessment filing has returned two new records. First, a record-breaking 10.4m customers filed online; and second, the total number of customers who submitted their self assessment tax return by the 31 January deadline was 11.1m, another record.
4 February 2020: with self-assessment season over for another year, it’s time for firms to reflect on how it went and look at how things can improve next year. For many accountants, 1 February is the time to make new year’s resolutions, writes former practice owner and business writer Della Hudson.
3 February 2020: with tax season over for another year, the ICAEW’s Tax Faculty has put together a review of some of the self assessment trouble spots that members have reported this year.
13 January 2020: what accountants should do when clients provide information at the last minute and still expect their tax return to be filed on time.
Andy Tall – member of the Tax Faculty’s SME Business Tax Committee, the Enquiries and Appeals Committee and ICAEW’s Ethics Committee – takes a practical look at the preparations non-resident landlords and their agents need to make.
Webinars and recordings
Who is obliged to to file a self assessment return and how does the system work for those who don't?
Lifting the bonnet to explain what filing a company tax return using iXBRL means in simple terms.
As HMRC begins to send out notices to file tax returns for the year ending 5 April 2018, the Tax Faculty give members a round up of what has changed since last year, and some practical pointers around the pitfalls to avoid.
In TAXguide 18/17, Caroline Miskin explains what special relief is, when it might apply and the conditions that need to be met to make a formal claim. Read a summary here, Tax Faculty members can download the full guide.
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This book contains everything you need to know about completing a self-assessment tax return for 2018/19.
Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for income tax gives a comparison of FRS 102 Section 29 and IFRS, and covers VAT and similar sales taxes, current tax, recognition and measurement of deferred tax, allocation of tax charge or credit, consolidated tax returns and offset of taxable profits and losses within groups, presentation, and disclosure.
Guide to completing a Self-Assessment tax return for 2017/18, with advice and worked examples covering key aspects of personal taxation in the UK
A guide to completing a Self-Assessment tax return for 2016/17, with advice for any taxpayer to ensure you are as tax efficient as possible. Offers practical advice, timetables and examples that aim to simplify what many people view as a complex and challenging procedure.With a whole range of top tips for saving on all types of tax.
Section covering the penalties for late VAT registration, unauthorised issue of tax invoices, and late, fraudulent or erroneous tax returns.
Briefly explains who has an obligation to register for VAT with a worked example for a small business. It also notes the pros and cons of voluntary VAT registration.
A guide to financial and legal issues for GPs and managers of medical practices.
Guide to completing the self-assessment tax return.